Restricted stock agreement, dated April 8, 2022, between MercadoLibre, Inc and Stelleo Pasos Tolda

1. Award of Restricted Stock. Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Company hereby awards to the Grantee 5,051 shares of Common Stock of the Company (the “Restricted Stock”) as compensation for the Grantee’s compliance with the provisions of Section 7 hereof over the five (5) year period beginning on the Grant Date (the “Restricted Period”). Subject to Section 3 hereof, shares of Restricted Stock may not be sold, transferred, pledged, assigned or otherwise encumbered during the Restricted Period (such restrictions, the “Transfer Restrictions”).

2. Grant Date. The Grant Date of the Restricted Stock hereby awarded is April 8, 2022.

3. Vesting; Forfeiture.

(a) Subject to the provisions of the Plan, so long as the Grantee continues to comply with the provisions of Section 7 hereof (the “Vesting Condition”) and with the Transfer Restrictions until such date, whether or not then employed by the Company, on each of the first five (5) anniversaries of the Grant Date (each date, a “Vesting Date”), the Vesting Condition and the Transfer Restrictions shall both lapse with respect to one-fifth (1/5) of the shares of Restricted Stock awarded hereby (such shares, the “Vested Shares” and the remaining shares of Restricted Stock continuing to be subject to the Vesting Condition and the Transfer Restrictions, the “Unvested Shares”).

(b) In the event the Participant violates the Vesting Condition during the Restricted Period, any Unvested Shares shall be forfeited as of the date of such violation without payment of any consideration therefor.

(c) In the event that the Grantee attempts to sell, transfer, pledge, assign or otherwise encumber any Unvested Shares during the Restricted Period, in violation of the Transfer Restrictions, such any purported sale, transfer, pledge, assignment or encumbrance shall be null and void and any Unvested Shares shall be forfeited without payment of any consideration therefor.

(d) In the event of the Grantee’s death during the Restricted Period, any Unvested Shares shall immediately vest in full as of the date of the Grantee’s death and will be transferred to the beneficiaries stated in Exhibit A.

4. Share Certificates. Subject to the provisions of the Plan, the Restricted Stock will be held in the Grantee’s name in book-entry format by the Company’s transfer agent, Computershare. Upon each Vesting Date, the Grantee has the right to choose to have a certificate for the applicable Vested Shares issued in the Grantee’s name, to have such Vested Shares transferred to a brokerage account of the Grantee’s choice or to continue to hold such Vested Shares in book-entry format with the transfer agent.

5. Shareholder’s Rights. Subject to the terms of this Agreement, as of the Grant Date, the Grantee shall have, with respect to any of the shares of Restricted Stock, all rights of a shareholder of the Company, including the right to vote such shares and the right to receive all dividends paid with respect to such shares of Restricted Stock at the same time as shareholders generally; provided, that the right to vote and receive dividends shall terminate immediately with respect to any shares of Restricted Stock upon forfeiture of those shares pursuant to Section 3 hereof.

6. Dividends. Any dividends or distributions (whether cash, Common Stock or other property) paid on Common Stock to shareholders generally will be distributed to the Grantee in the form of additional shares of Restricted Stock and shall be subject to the terms of this Agreement in the same manner as the corresponding Restricted Stock to which such dividends or distributions relate and shall be held by the Company or subject to a legend as determined by the Board.

7. Restrictive Covenants. During the Restricted Period, the Grantee agrees that he shall not directly or indirectly, in any capacity, own, operate, manage, control, engage in, invest in, become interested or involved in, employed by, act as a consultant or advisor to, or provide services for, or otherwise assist any other Person in activities that are competitive with the MercadoLibre Business anywhere in the Territory; provided, however that ownership of less than five percent (5%) of the outstanding capital stock of any Person whose securities are registered under the Securities Exchange Act of 1934, as amended, in and of itself shall not violate the provisions of this Section 7, whether or not the subject Person is competitive with the Company. In the event Grantee desires to directly or indirectly, in any capacity, own, operate, manage, control, engage in, invest in, become interested or involved in, employed by, act as a consultant or advisor to, or provide services for, or otherwise assist any other Person in activities that could

8. Modification and Waiver. Except as provided in the Plan with respect to the determinations of the Committee and subject to the Board’s right to amend, modify or terminate the Plan, neither this Agreement nor any provision hereof can be changed, modified, amended, discharged, terminated or waived orally or by any course of dealing or purported course of dealing, but only by an agreement in writing signed by the Grantee and the Company. No such agreement shall extend to or affect any provision of this Agreement not expressly changed, modified, amended, discharged, terminated or waived or impair any right consequent on such a provision. The waiver of or failure to enforce any breach of this Agreement shall not be deemed to be a waiver or acquiescence in any other breach thereof.

9. Governing Law. This Agreement and all rights under this Agreement shall be construed and enforced in accordance with the laws of the State of Delaware without regard to the provisions governing conflict of laws.

10. Grantee Acknowledgment. The Grantee hereby acknowledges that all decisions, determinations and interpretations of the Board or the Company in respect of this Agreement shall be final, conclusive and binding.

11. Incorporation of Plan. All terms and provisions of the Plan are incorporated herein and made part hereof as if stated herein. If any provisions hereof and of the Plan shall be in conflict, the terms of this Agreement shall govern. All capitalized terms used herein and not defined herein shall have the meanings assigned to them in the Plan.

12. Entire Agreement. This Agreement represents the final, complete and total agreement of the parties hereto respecting the Restricted Stock and the matters discussed herein

13. Definitions. When used in this Agreement, the following terms shall have the meanings set forth below:

(a) “MercadoLibre Business” means any activities directly or indirectly related to Online Transactional Platforms, Online Classified Advertisements and/or Payment Platforms; provided that the Board and/or the Nominating and Corporate Governance Committee of the Board shall be permitted to revise the definition and scope of the MercadoLibre Business at any point during the Restricted Period in its sole discretion by notice to the Grantee (although any such revision will have no effect on any activities of Grantee previously approved by the Board or Nominating and Corporate Governance Committee of the Board, or the CEO and/or the EVP of Corporate Affairs).

(b) “Person” means and includes a natural person, a corporation, an association, a partnership, a limited liability company, a trust, a joint venture, an unincorporated organization or any other similar entity or a governmental or quasi-governmental body (other than the Company).

(c) “Territory” means the United States of America and each country and territory in the United States, Canada, Latin America and the Caribbean, including, without limitation, Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Puerto Rico, Uruguay, and Venezuela.

Exhibit A - Beneficiaries